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The Latest Breaking News from South Korea

South Korea's Kospi enters bear market, plunges 20% from peak. What's spooking investors?

South Korea's Kospi index entered bear market territory, plunging 20% from its peak. Heavyweight Samsung Electronics saw its share price fall nearly four percent on Wednesday. Foreign investors turned net sellers of shares worth over three hundred million dollars. Despite the sharp selloff, Kospi remains the world's best-performing major stock…

The Economic Times

Ross Gerber Says Chip Sell Off 'a Gift' for Those That Want to Retire Even as SK Hynix US Debut Nears: 'Captured by Very Short-Term Thinking'

Investor Ross Gerber said Tuesday that those selling semiconductor stocks were focusing on the short term, calling the recent pullback “a gift” for long-term investors ahead of South Korea’s chipmaker SK Hynix‘s $29 billion U.S. listing later this week.

Benzinga

Meet the Cast of 'Better Late Than Single' Season 2

This Netflix Korean reality show is actually so heartwarming.

Marie Claire

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With the sword of Microsoft hanging over it, Blizzard quietly drops Overwatch in Korea into the hands of Nexon

Nexon is taking over Overwatch publishing duties in Korea starting in August

GamesRadar

Wall Street suffers major losses as AI stocks tumble and oil prices jump

The market's unease originated in Asia, where South Korean tech giant Samsung Electronics saw its shares tumble 6.9% in Seoul

The Independent UK

US stocks today: Nasdaq falls at open as DeepSeek's AI chip push rattles markets

Dow Jones & US Stocks today: Chip stocks experienced significant losses, impacting the S&P 500 and Nasdaq indices. Doubts emerged regarding the sustainability of the AI-driven rally, despite positive Samsung earnings. Samsung's shares declined in South Korea, affecting broader market sentiment. Other companies like Intel and Micron also saw substantial…

The Economic Times

SK Hynix—which supplies memory chips to Nvidia—is about to test Wall Street's appetite for the next wave of tech IPOs

The Korean memory giant’s nearly 8-fold stock surge and $28 billion U.S. listing will show how much AI optimism is still left in the market.

Fortune

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Warming seas bring jellyfish and sharks to South Korea’s beaches

Scientists say warmer water temperatures allow these species to survive and spread more easily

The Independent UK

South Korean law targeting 'fake news' takes effect as journalists' groups raise concerns

South Korea saw a surge in online misinformation following the botched 2024 martial law attempt, including unsubstantiated allegations of Chinese interference in the electoral system.

Euronews

South Korean law targeting false online information takes effect

South Korea enacted a new law targeting online misinformation and fake news. This legislation imposes stricter penalties on individuals who repeatedly spread false content. Major digital platforms must now implement systems for reporting and addressing alleged misinformation. Critics express concerns that the law may stifle free speech and encourage censorship.

The Economic Times

Global Market: Japan's Nikkei falls 2% as Samsung slump sparks chipmaker selloff

Japan's Nikkei share average closed two percent lower on Tuesday. Semiconductor heavyweights fell significantly after South Korea's Samsung Electronics tumbled. The broader Topix index also ended lower while value stocks saw buying interest. Investors booked profits in AI stocks and purchased undervalued companies. Japanese banking shares and Toyota Motor experienced…

The Economic Times

As South Korean Buddhism woos Gen Z, how hip is too hip?

In fast-secularising South Korea, Buddhism is regaining popularity thanks to a "hip" trend wooing Gen Z with festivals, fashion, robots and DJs, even as some fear for the fundamentals of the faith. "If Buddhism is consumed merely as a 'good image', its newfound hipness may prove to be little more…

The Economic Times

Korean smuggler's accomplice arrested in Bangkok

Bangkok police have arrested a South Korean accused of involvement with an accomplice who was apprehended smuggling “ice” hidden in his underpants into South Korea.

Bangkok Post

Samsung expects 1,800% operating profit leap on AI boom

SEOUL - South Korean technology giant Samsung Electronics forecast Tuesday a massive 19-fold jump in second-quarter operating profit from a year earlier, buoyed by sustained AI-driven demand for memory chips.

Bangkok Post

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The Economic Times

Kospi plunges 8% as AI investors fear rally is overblown; trading halted for 20 mins

South Korea's Kospi index experienced a significant 8% drop, led by chip stocks. Investors questioned the sustainability of record earnings driven by artificial intelligence demand. Samsung Electronics and SK Hynix, major index components, saw substantial declines. Other sectors like battery and shipbuilding also faced considerable losses. Foreign investors continued to…

International Business Times

SK Hynix Is Seeking To Capitalize The AI Boom Through One of The Biggest Tech Listings Ever

South Korean memory chip giant SK Hynix is taking its artificial intelligence success story directly to Wall Street, launching a massive $28.07 billion American depositary receipt (ADR) offering.

The Guardian - UK

Canada to buy 12 hi-tech German submarines after bidding war

TKMS beats South Korean rival to multibillion-dollar contract that will deepen Canada’s Nato ties

International Business Times

Trump Has Accused Oil Companies Of 'Gauging' Consumers. South Korean Prosecutors Have Done Exactly That.

Four major oil refiners in South Korea have been indicted over alleged price collusion.

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Tom’s Hardware

China’s Huawei to enter South Korean AI chip market with new Atlas SuperPods, clusters pack 8,192 Ascend 950 accelerators per deployment — reportedly challenges Nvidia dominance with 'tripled inference performance' of H20 at one-quarter the cost

Huawei is reportedly preparing to enter South Korea's AI accelerator market with its Ascend 950 chips and Atlas 950 SuperPod, challenging Nvidia through aggressive pricing, amid a broader push to expand its AI ecosystem beyond China

Euronews

South Korea to funnel AI chip tax windfall into public investment, housing and jobs

South Korea plans to channel a surge in tax revenue from its booming AI chipmakers into a new state fund, backing everything from semiconductor infrastructure to housing and jobs for young people.

The Economic Times

FIFA World Cup flop triggers football reckoning across Asia as heads roll and hard questions mount

Asia's dismal FIFA World Cup performance has led to widespread soul-searching, with top football officials and coaches stepping down. South Korea's FA president and head coach resigned after a group stage exit, mirroring similar departures in Saudi Arabia. Despite an expanded tournament offering more spots, Asian teams secured only three…

The Economic Times

Global Market: Kospi slides after early surge as AI stocks face valuation pressure

Indian investors are watching as South Korean stocks reversed early gains due to concerns over high valuations in AI-linked companies. Despite this, broader Asian markets found support from falling crude oil prices. SK Hynix's upcoming US listing and Samsung Electronics' expected profit surge highlight continued AI demand, even as regional…

The Economic Times

Global Market: South Korea launches 24-hour onshore dollar-won trading to boost global market appeal

South Korea has launched a 24-hour onshore dollar-won trading system, a significant move to boost currency accessibility and global appeal. This extended trading window aims to attract foreign investors and improve market liquidity, aligning with Seoul's ambition for developed market status in global indices. The reform is expected to enhance…

The Economic Times

South Korea's SK Hynix slides over 5% ahead of $29 billion Wall Street debut

South Korea's SK Hynix is poised for a massive US listing, aiming to raise around $29 billion to capitalize on booming AI demand. Despite a 5% dip on Monday, the chipmaker's shares have soared this year, driven by its crucial role in supplying AI systems. This blockbuster offering, set to…

The Economic Times

South Korea's SK Hynix to launch $28 billion US listing to ride global AI wave

The company will sell 17.79 million new shares in the depository receipt listing ‌on the ⁠Nasdaq, ⁠making it one of the world's most valuable tech firms.

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